The Federal Pandemic Unemployment Compensation, which adds $600 to weekly state unemployment benefit payments began April 24, Connecticut labor officials said this week. Here are a few answers to common questions about the additional payment: Find Out More
The CARES Act essentially suspended required minimum distributions (RMDs) for 2020 across the board. However, there have been a lot of questions about what this means for those who already took out distributions and the impact on taxes and inherited accounts. Find out more below: https://www.forbes.com/sites/jamiehopkins/2020/03/30/cares-act-drastically-changes-required-minimum-distribution-rules-for-2020/#212205fa19a0
Social Security recipients who don’t usually file tax returns will automatically get $1,200 payments, Treasury says in reversal to the prior statement made by the Internal Revenue Service stating everyone would need to file some sort of tax return in order to qualify for the payments. Click Here To Read full Washington Post Article